v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 36,651 $ 47,955
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 4,740 5,095
Amortization 2,914 1,366
Share-based compensation 73,576 71,895
Deferred income taxes 2,604 3,750
Other (281) (7,051)
Net change in operating assets and liabilities:    
Accounts receivable 335,226 343,732
Deferred contract costs (3,505) 2,727
Prepaid expenses and other assets 135 (8,840)
Accounts payable and accrued expenses (9,024) (73,110)
Operating leases, net (49) 605
Deferred revenue (136,747) (118,432)
Net cash provided by operating activities 306,240 269,692
Cash flows from investing activities:    
Purchase of property and equipment (3,151) (7,482)
Capitalized software additions 0 (194)
Acquisition of a business, net of cash acquired (99,481) 0
Purchases of marketable securities (3,713) (28,824)
Proceeds from sales and maturities of marketable securities 33,436 28,052
Net cash used in investing activities (72,909) (8,448)
Cash flows from financing activities:    
Proceeds from employee stock purchase plan 12,636 11,871
Proceeds from exercise of stock options 1,591 2,415
Repurchases of common stock (275,478) (45,031)
Taxes paid related to net share settlement of equity awards (7,627) (10,347)
Other (1,104) (2,762)
Net cash used in financing activities (269,982) (43,854)
Effect of exchange rates on cash and cash equivalents (2,789) 12,952
Net (decrease) increase in cash and cash equivalents (39,440) 230,342
Cash and cash equivalents, beginning of period 1,097,220 1,017,039
Cash and cash equivalents, end of period 1,057,780 1,247,381
Supplemental cash flow data:    
Cash paid for interest 180 181
Cash paid for tax, net $ 14,230 $ 30,548